Precious Metals E Waste Recovery Market
Precious Metals E-Waste Recovery Market Forecasts to 2030 - Global Analysis By Type (Palladium, Gold, Silver, Platinum, Ruthenium and Other Types), Electronic Waste Processed, Technology, End User and By Geography
Years Covered |
2021-2030 |
Estimated Year Value (2023) |
US $10.6 BN |
Projected Year Value (2030) |
US $16.7 BN |
CAGR (2023 - 2030) |
6.6% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Asia Pacific |
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Precious Metals E-Waste Recovery Market is accounted for $10.6 billion in 2023 and is expected to reach $16.7 billion by 2030 growing at a CAGR of 6.6% during the forecast period. Precious metals e-waste recovery involves extracting valuable metals like gold, silver, and platinum from discarded electronic devices. This process begins with sorting and disassembling electronic waste to isolate components containing precious metals. Techniques such as chemical leaching, smelting, and electrolysis are then employed to extract the metals. Advanced technologies like hydrometallurgy and pyrometallurgy are utilized for efficient recovery while minimizing environmental impact. Recovered metals are refined to high purity levels and reintroduced into manufacturing processes, reducing the need for mining and conserving natural resources. E-waste recovery not only recovers valuable materials but also addresses environmental concerns associated with electronic waste disposal.
Market Dynamics:
Driver:
Rising E-waste generation
The growing supply of e-waste creates opportunities for companies involved in precious metals e-waste recovery to expand their operations and increase their market share. With proper extraction and refining processes in place, companies can extract valuable metals from e-waste and generate revenue through sales of recovered materials. This expansion can lead to the development of new technologies, processes, and infrastructure to meet the rising demand for e-waste recycling services.
Restraint:
Complexity of E-waste
The complexity of e-waste poses technical challenges for recovery technologies. Different materials have varying physical and chemical properties, requiring tailored extraction and separation methods. Sorting, disassembly, and separation of different materials require specialized equipment and labor-intensive processes, leading to higher operational costs for e-waste recovery facilities. Developing and implementing effective technologies capable of handling the diverse nature of e-waste can be resource-intensive and time-consuming which hamper the growth of the market.
Opportunity:
Increasing awareness among consumers
As consumer awareness grows, there is a greater incentive for businesses to invest in e-waste recycling infrastructure, including collection centers, processing facilities, and recovery plants. Consumers are more likely to support businesses that prioritize environmentally friendly practices, including e-waste recycling and precious metals recovery, leading to broader adoption of sustainable practices within the market. This expansion improves accessibility to recycling services and enhances the efficiency of precious metals recovery operations.
Threat:
Complex global supply chains
Managing complex global supply chains involves various logistical challenges, including transportation, customs clearance, and coordination among multiple stakeholders. Variations in e-waste composition, handling practices, and regulatory standards may result in inconsistencies in material quality, affecting the performance and reliability of recovery processes. These complexities often result in higher operational costs, including shipping fees, tariffs, and administrative expenses, which can reduce profitability for e-waste recovery businesses.
Covid-19 Impact
Disruptions in supply chains, restrictions on movement, and economic downturns have affected the collection and processing of electronic waste. However, increased digital reliance during lockdowns has led to higher e-waste generation. Moreover, the pandemic has accelerated trends towards sustainable practices, potentially driving investment in e-waste recovery technologies. Overall, while short-term challenges persist, the long-term outlook for the precious metals e-waste recovery market remains positive, fueled by growing environmental consciousness and the need for resource conservation amid global recovery efforts.
The gold segment is expected to be the largest during the forecast period
The gold segment is estimated to have a lucrative growth, as gold is one of the most valuable metals found in electronic devices, contributing substantially to the economic viability of e-waste recovery. Its high market value incentivizes companies to invest in advanced recovery technologies to efficiently extract and refine gold from electronic waste. Moreover fluctuations in the price of gold directly influence the profitability of e-waste recovery operations. Higher gold prices can stimulate increased investment in recovery processes, leading to expansion in the precious metals e-waste recovery market.
The hydrometallurgical process segment is expected to have the highest CAGR during the forecast period
The hydrometallurgical process segment is anticipated to witness the highest CAGR growth during the forecast period, hydrometallurgical processes generally have a lower environmental footprint compared to pyrometallurgical methods like smelting, which release harmful emissions. As environmental regulations become stricter and consumer demand for sustainable practices rises, the adoption of hydrometallurgical processes becomes more attractive, positively influencing market growth.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the initiatives like Swacch Bharat Abhiyan and zero waste plan by several APAC countries are expected to increase awareness about recycling of e-waste. This is further expected to increase the regional market growth. The electronic waste recovery sector in the country is unorganized, and several small- and medium-sized companies are engaged in dismantling end-of-life products and selling them to giant electronic companies like Foxconn drive the growth of the market in this region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to electronic waste generation in the region is increasing at a rapid pace, and thus, there is a need to recycle such waste and extract important materials from it. As per research by the University of Waterloo, electronic waste in Canada has increased to 25.3 kg in 2020 from 8.3 kg per person in 2000. The Environmental Protection Agency (EPA) signed an agreement with the United Nations University in 2010 and 2015 to jointly work in the field of electronic waste recovery. The U.S. government has also announced the National Strategy for Electronics Stewardship (NSES) to improve the management and recycling of electronic waste.
Key players in the market
Some of the key players in the Precious Metals E-Waste Recovery Market include Sims Limited, Aurubis AG, Materion Corporation, Johnson Matthey Plc, Umicore NV, EnviroLeach Technologies, Boliden AB, All Green Recycling, Reldan, Metallix Refining Inc., Tanaka Precious Metals, Heraeus Holding GmbH, TES-AMM Pte. Ltd., DOWA Holdings Co., Ltd. And Ecr World Inc
Key Developments:
In March 2024, Johnson Matthey Plc announces that it has signed a definitive agreement to sell 100% of its Medical Device Components business (MDC) to Montagu Private Equity (Montagu) for cash consideration of US$700 million (£550 million) on a cash free debt free basis.
In February 2024, Aurubis and Codelco drive innovation for sustainability in the copper industry: Working together for more metals from responsible production. Aurubis and Codelco drive innovation for sustainability in the copper industry: Working together for more metals from responsible production
In June 2023, Sims Limited Launches Second RAP during National Reconciliation Week 2023. This plan further cements the company’s commitment to forming new commercial relationships with Indigenous-owned businesses and developing respectful relationships with Aboriginal and Torres Strait Islander peoples.
Types Covered:
• Palladium
• Gold
• Silver
• Platinum
• Ruthenium
• Other Types
Electronic Waste Processes Covered:
• Mobile Phones
• Computers
• Printers
• Household Appliances
• Televisions
• Other Electronic Waste Processes
Technologies Covered:
• Hydrometallurgical Process
• Pyrometallurgical Process
• Electrolytic Recovery
• Chemical Precipitation
• Ion Exchange
• Solvent Extraction
• Biometallurgical Process
• Other Technologies
End Users Covered:
• Electronics & Semiconductor Manufacturing
• E-Waste Recycling Companies
• Government Agencies
• Individual Consumers
• Jewelry Manufacturing
• Medical Equipment Manufacturing
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Precious Metals E-Waste Recovery Market, By Type
5.1 Introduction
5.2 Palladium
5.3 Gold
5.4 Silver
5.5 Platinum
5.6 Ruthenium
5.7 Other Types
6 Global Precious Metals E-Waste Recovery Market, By Electronic Waste Process
6.1 Introduction
6.2 Mobile Phones
6.3 Computers
6.4 Printers
6.5 Household Appliances
6.6 Televisions
6.7 Other Electronic Waste Processes
7 Global Precious Metals E-Waste Recovery Market, By Technology
7.1 Introduction
7.2 Hydrometallurgical Process
7.3 Pyrometallurgical Process
7.4 Electrolytic Recovery
7.5 Chemical Precipitation
7.6 Ion Exchange
7.7 Solvent Extraction
7.8 Biometallurgical Process
7.9 Other Technologies
8 Global Precious Metals E-Waste Recovery Market, By End User
8.1 Introduction
8.2 Electronics & Semiconductor Manufacturing
8.3 E-Waste Recycling Companies
8.4 Government Agencies
8.5 Individual Consumers
8.6 Jewelry Manufacturing
8.7 Medical Equipment Manufacturing
8.8 Other End Users
9 Global Precious Metals E-Waste Recovery Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Sims Limited
11.2 Aurubis AG
11.3 Materion Corporation
11.4 Johnson Matthey Plc
11.5 Umicore NV
11.6 EnviroLeach Technologies
11.7 Boliden AB
11.8 All Green Recycling
11.9 Reldan
11.10 Metallix Refining Inc.
11.11 Tanaka Precious Metals
11.12 Heraeus Holding GmbH
11.13 TES-AMM Pte. Ltd.
11.14 DOWA Holdings Co., Ltd.
11.15 Ecr World Inc
List of Tables
1 Global Precious Metals E-Waste Recovery Market Outlook, By Region (2021-2030) ($MN)
2 Global Precious Metals E-Waste Recovery Market Outlook, By Type (2021-2030) ($MN)
3 Global Precious Metals E-Waste Recovery Market Outlook, By Palladium (2021-2030) ($MN)
4 Global Precious Metals E-Waste Recovery Market Outlook, By Gold (2021-2030) ($MN)
5 Global Precious Metals E-Waste Recovery Market Outlook, By Silver (2021-2030) ($MN)
6 Global Precious Metals E-Waste Recovery Market Outlook, By Platinum (2021-2030) ($MN)
7 Global Precious Metals E-Waste Recovery Market Outlook, By Ruthenium (2021-2030) ($MN)
8 Global Precious Metals E-Waste Recovery Market Outlook, By Other Types (2021-2030) ($MN)
9 Global Precious Metals E-Waste Recovery Market Outlook, By Electronic Waste Process (2021-2030) ($MN)
10 Global Precious Metals E-Waste Recovery Market Outlook, By Mobile Phones (2021-2030) ($MN)
11 Global Precious Metals E-Waste Recovery Market Outlook, By Computers (2021-2030) ($MN)
12 Global Precious Metals E-Waste Recovery Market Outlook, By Printers (2021-2030) ($MN)
13 Global Precious Metals E-Waste Recovery Market Outlook, By Household Appliances (2021-2030) ($MN)
14 Global Precious Metals E-Waste Recovery Market Outlook, By Televisions (2021-2030) ($MN)
15 Global Precious Metals E-Waste Recovery Market Outlook, By Other Electronic Waste Processes (2021-2030) ($MN)
16 Global Precious Metals E-Waste Recovery Market Outlook, By Technology (2021-2030) ($MN)
17 Global Precious Metals E-Waste Recovery Market Outlook, By Hydrometallurgical Process (2021-2030) ($MN)
18 Global Precious Metals E-Waste Recovery Market Outlook, By Pyrometallurgical Process (2021-2030) ($MN)
19 Global Precious Metals E-Waste Recovery Market Outlook, By Electrolytic Recovery (2021-2030) ($MN)
20 Global Precious Metals E-Waste Recovery Market Outlook, By Chemical Precipitation (2021-2030) ($MN)
21 Global Precious Metals E-Waste Recovery Market Outlook, By Ion Exchange (2021-2030) ($MN)
22 Global Precious Metals E-Waste Recovery Market Outlook, By Solvent Extraction (2021-2030) ($MN)
23 Global Precious Metals E-Waste Recovery Market Outlook, By Biometallurgical Process (2021-2030) ($MN)
24 Global Precious Metals E-Waste Recovery Market Outlook, By Other Technologies (2021-2030) ($MN)
25 Global Precious Metals E-Waste Recovery Market Outlook, By End User (2021-2030) ($MN)
26 Global Precious Metals E-Waste Recovery Market Outlook, By Electronics & Semiconductor Manufacturing (2021-2030) ($MN)
27 Global Precious Metals E-Waste Recovery Market Outlook, By E-Waste Recycling Companies (2021-2030) ($MN)
28 Global Precious Metals E-Waste Recovery Market Outlook, By Government Agencies (2021-2030) ($MN)
29 Global Precious Metals E-Waste Recovery Market Outlook, By Individual Consumers (2021-2030) ($MN)
30 Global Precious Metals E-Waste Recovery Market Outlook, By Jewelry Manufacturing (2021-2030) ($MN)
31 Global Precious Metals E-Waste Recovery Market Outlook, By Medical Equipment Manufacturing (2021-2030) ($MN)
32 Global Precious Metals E-Waste Recovery Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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